U.S. Current Transformer Market Size, Share & Trends Analysis Report By Voltage (Low Voltage, Medium Voltage, High Voltage), By Application (Power Distribution, Manufacturing), And Segment Forecasts, 2025 - 2030

U.S. Current Transformer Market Summary

The U.S. current transformer market size was valued at USD 534.0 million in 2024 and is projected to reach USD 680.6 million by 2030, growing at a CAGR of 4.2% from 2025 to 2030. The industry is expected to grow due to rising demand for efficient energy monitoring and control across the industrial, utility, and commercial sectors.

The current transformer industry in the U.S. is primarily driven by the increasing demand for electricity due to rapid urbanization, industrialization, and the ongoing modernization of aging power infrastructure. In alignment with this growing need, in March 2024, the U.S. Department of Energy announced a USD 18 million funding opportunity under the Flexible Innovative Transformer Technologies (FITT) program. Technological advancements are profoundly reshaping the U.S. current transformer market, with a notable shift towards smart digital transformers that offer advanced real-time monitoring, predictive maintenance, and automated energy optimization, leading to reductions in downtime.

Innovations include integrating IoT-enabled sensors and digital signal processing for enhanced accuracy and reliability, especially for smart grid deployments. Manufacturers also focus on miniaturization and lightweight designs to facilitate easier installation and improve performance in space-constrained areas, particularly for industrial automation and building energy management systems.

Key players often engage in strategic acquisitions to expand their product portfolios, gain access to new technologies, enhance market share, and consolidate their presence in specific regions or end-use segments. In October 2024, Standex International Corporation acquired U.S.-based Amran Instrument Transformers and Narayan Powertech Pvt. Ltd. (India-based). This is expected to expand presence in the high-margin, fast-growing electrical grid end market, and benefit from capacity expansion, infrastructure upgrades, and data center demand.

U.S. Current Transformer Market Report Segmentation

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. current transformer market report based on voltage, and application:

• Voltage Outlook (Revenue, USD Million, 2018 - 2030)
• Low Voltage
• Medium Voltage
• High Voltage
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Power Distribution
• Manufacturing
• Others

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